PROUD DELEGATE AND GOLD SPONSOR OF THE GREEK DELEGATION DELEGATION IN THE "ANNUAL MEETING OF THE NEW CHAMPIONS" IN THE WORLD ECONOMIC FORUM (WEF)

09 September 2014

One of the leading and most profitable Greek Banks, NBG, confirms once again its leading, extrovert character, by joining forces with "Introducing Leaders", a strategic business initiative, as a strategic sponsor of the Greek Delegation in the "Annual Meeting of the new Champions" in the World Economic Forum (WEF), which will be held from 10 to 12 September in the city of Tianjin in China.

This is an event of global scope, characterized as the "Davos of emerging economies". The Annual Meeting of the New Champions takes place from 2007, as the most important international meeting on science, technology and innovation, which brings in touch the new generation of fast-growing firms that shape the future of business, with leaders from major multinationals, as well as government, media, academia and civil society.

One of the leading and most profitable Greek Banks, NBG, confirms once again its leading, extrovert character, by joining forces with "Introducing Leaders", a strategic business initiative, as a strategic sponsor of the Greek Delegation in the "Annual Meeting of the new Champions" in the World Economic Forum (WEF), which will be held from 10 to 12 September in the city of Tianjin in China.

This is an event of global scope, characterized as the "Davos of emerging economies". The Annual Meeting of the New Champions takes place from 2007, as the most important international meeting on science, technology and innovation, which brings in touch the new generation of fast-growing firms that shape the future of business, with leaders from major multinationals, as well as government, media, academia and civil society.

In this context, the initiative "Introducing Leaders", which is the organizer of the Greek Delegation, brings together global leaders, visionaries and shapers of the business world today.

One of the most dynamic entries in this Annual Meeting of the New Champions is that of NBG. NBG has a special part in Greeks’ heart, with operations in over 12 countries, it has €111 billion in total assets, which is fairly large for Greek standards. They have 1700 branches spread over 12 countries and employ 37,000 people. NBG is the only bank that has been profitable and have been so for the last six quarters. That has to do with the very strong quality of all things comparable in Greece under the circumstances.

Some things that differentiate NBG from other banks are that they are creating capital because they are profitable, they have no legacy issues that could come back to haunt them; they continue to grow. They have a unique liquidity advantage, a loan/deposit ratio of less than 100%, which is better than most banks, especially in Greece and an 83% loan/deposit ratio. NBG has the liquidity and the want to support Greece.

One of the most positive messages coming from the Greek banks is that they are ahead in terms of capital adequacy compared to European banks according to the 2024 rules. NBG is at 11.6% whereas the average European bank is at 10% and this is because them, as Greeks, have to prove things more than anybody else.

We are proud to announce that Mrs. Paula Hadjisotiriou, deputy CEO of NBG, will be accompanying the Greek delegation to the WEF in China. In an exclusive interview for IL she said that "the faith and vote of confidence that China gave Greece, as one of the world’s financial superpowers, in choosing Greece to invest at a time when things were not so clear has already minted in Greek minds that China has given us a double seal of approval" and added “Go West, Chinese Entrepreneurs, because Greece awaits you!”

Molly Mc Adams, director at "Introducing Leaders" said:

Paola Uzcudun, director at "Introducing leaders" added, "NBG is a traditional bank with a modern view and we are very excited to accompanying them to the WEF AMNC in China this September! "

Associate partners include the Hellenic Chinese Chamber of Commerce and Enterprise Greece (formerly Invest in Greece) with CEO, Stefanos Issias as acting head of the delegation.

Corporate sponsors of this high-profile delegation, the first of its kind to the WEF, AMNC, include Piraeus Bank,NBG,Dolphin Capital Investors and Vianex SA with Goldair Tourism acting as hospitality and logistics partner.